Review on Nxt by Gabriel Medina
Decentralized services on a single platform
Many cryptocurrency and blockchain projects only provide a single service to users but all this changes with this project, since it brings us a variety of decentralized services through its platform. This platform is a public blockchain written in Java that will provide users with decentralized applications and services. All these services are used through the token of this platform.
It works with your code written in Java. It is not a decentralized application platform, but it will give us a lot of different decentralized services.
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It has exchange services, monetary system, market, anonymity where the coins come from, votes and data cloud.
In conclusion, it is a platform that gives us multiple benefits and is different from other cryptocurrency projects. However, despite all that it offers, there are scalability problems.
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Pros
- Companies will be able to create their own cryptocurrencies and even reach a larger audience.
- The data cloud is a brilliant and beneficial service for storing our important documents.
- Multiple decentralized services.
Cons
- Centralization and scalability issues.
